Savo-Solar Plc has received a summons from Sunti SAS

Savo-Solar Plc Company Announcement 26 March 2018 at 4:00 p.m. (CEST)

Savo-Solar Plc has received a summons from Sunti SAS

Sunti SAS, France has issued a summons to Savo-Solar Plc to attend the commercial court of justice in Montpellier due to an alleged breach of contract by Savo-Solar Plc. In the summons Sunti claims that Savo-Solar has acted against the exclusive rights clause in the contract between the two companies, which is related to an open tender for a solar collector field project in France. In its summons Sunti is claiming for a total compensation of approximately EUR 2.0 million based on the alleged breach of contract.

Savo-Solar considers Sunti’s claim for compensation to be without just cause. The commercial court will handle the case on 22 June 2018.

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 26 March 2018 at 4:00 p.m. (CEST).

Savo-Solar in brief

Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar’s shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.